Is 61102, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 61102 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 61102 has remained a Seller's Market.

Key Takeaway

61102 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 61102, IL

How much do homes in 61102, IL cost?

Median Sold Price

$101,500

$81/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$18,500(+22.3%)

Key Takeaway

Homes in 61102 have sold for 22.3% more than they did a year ago.

Summary: The median home sold price in 61102 was $101,500 in December 2024, up 22.3% from last year, and the median price per square foot was $81.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $35K$34.5K
-1.4%
2 $70.5K$82K
+16.3%
3 $78.7K$121K
+53.7%
4 $123.2K$165K
+33.9%
5+ $105K$92.5K
-11.9%

Summary: 61102 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.4%, 2 bedroom homes increased by 16.3%, 3 bedroom homes increased by 53.7%, 4 bedroom homes increased by 33.9%, and 5+ bedroom homes decreased by 11.9%.

Median Sold Price Compared To Nearby Zip Codes

61104
+30.9%
61102
+22.3%
61088
+10.1%
61109
+7.6%
61101
+7.0%

Housing Supply in 61102, IL

How many homes are available in 61102, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
3024-20.0%

Summary: The 61102 real estate market had 24 homes for sale in December 2024, a 20.0% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 64
-33.3%
3 1615
-6.3%
4 43
-25.0%
5+ 31
-66.7%

Summary: The 61102 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 66.7%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
97-22.2%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 61102, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 61102 in December 2024, down by 22.2% month-over-month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% were sold over asking.

Days on Market for 61102, IL

How long does it take to sell a home in 61102, IL?

Average Sale Time

Dec 2023Dec 2024CHANGE
24 Days71 Days+193.5%

Summary: Homes in 61102 had an average of 71 days on market in Dec 2024, up by 193.5% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 61102 has remained consistent over time.

Summary: During December 2024, 7 homes were sold in 61102; 29% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

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